TOCOM Rubber

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TOCOM Rubber futures trade on the Tokyo Commodity Exchange (TOCOM). They were launched on December 12, 1952[1].

Each TOCOM Rubber futures contract represents 5,000 kilograms of deliverable grade rubber, which is defined as Ribbed Smoked Sheet (RSS) No.3, and its delivery date is set as the last business day of each month except December (the 28th for December). TOCOM Rubber futures contract also has a minimum delivery unit requirement of 10,000 kilograms.

As of July 2008, each TOCOM Rubber futures contract is subject to a margin rate of 112,500 yen for the spot month and 75,000 yen for the other months[2].

In 2007, TOCOM Rubber futures traded 7,062,252 contracts (-26.9 percent YOY), and, in June 2008, traded 662,304 contracts (-4.8 percent YOY).



TOCOM Rubber futures
Exchange Tokyo Commodity Exchange
Settlement Physically delivered
Contract Size 5,000 kg
Pricing Unit 5,000 yen
Tick Value 500 yen
Contract Months Six consecutive months from the current month
Last Trading Day The fourth business day prior to the Delivery Day
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 9:00 a.m. to 11:00 a.m. , 12:30 p.m. to 5:30 p.m.
Ticker Symbol N/A N/A
Price Limits N/A Daily Price Fluctuation Limits are determined based on the largest market price movement within a certain period of time and are set at a level where the probability that they will be reached is very low[3].

Notes

Resources

Tokyo Commodity Exchange Rubber Futures Contract Specifications

References

  1. Rubber Contract. Tokyo Commodity Exchange.
  2. Margin and Price Limit. Tokyo Commodity Exchange.
  3. Margin and Price Limit. Tokyo Commodity Exchange.